A limited liability company (LLC) is business entity authorized by a state. Neither a partnership nor a corporation, an LLC provides sole proprietors and business partners many of the rights afforded ...

In Jacobs v Cartalemi, now the leading case on the subject of LLC member withdrawal (which our firm had the pleasure of litigating), the Appellate Division – Second Department repeated a ...

Raise your hand if you think that a lawsuit for an accounting by the managers of an LLC simply means they have to turn over financial records. If you raised your hand, read on. If not, you can skip ...

A Limited Liability Company capital account is a way to keep track of an individual member's investment in the business. If the business was sold, or the member wanted to sell her share of the ...

Christiana Jolaoso-Oloyede writes for media publications, B2B brands and nonprofits. Using her research, analytical and writing skills from her training as a lawyer, she focuses on garnering accurate ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accounting is the process of keeping track of all financial ...